Market News
KSH: economy increased by 4.6 percent in the second quarter
According to the raw data, Hungary’s gross domestic product (GDP) increased by 4.6 percent. According to the seasonally adjusted and balanced data, a 4.4 percent increase occured in the second...
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Agricultural producer prices were stagnant
In June, the agricultural producer prices increased to the same level as in the same period last year – the Central Statistical Office (KSH) announced on Tuesday. The price of...
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AM: 1.5 billion forints have already been decided in the fisheries management program
About 1.5 billion forints of support decisions were made in the Hungarian Fisheries Operational Program (Mahop) funded from the EU budget. By August, ie by the end of the summer,...
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Significant wage differences in retail trade
The monthly earnings of retailers working in small shops are around 200,000 HUF – Világgazdaság Online wrote after Blokkk.com. The best-paying micro-enterprise is the gas station, where employees of the...
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NAV: significantly bleached the economy by introducing online cash registers
The online billing launched from 1 July also aims to bleach the economy and reduce tax evasion. This is supplemented by NAV’s free Online Billing System, which can also be...
Read moreThe NAV seized nine million HUF worth smuggled cigarettes in Szabolcs county
The National Tax and Customs Office (NAV) seized nine million HUF worth smuggled cigarettes in Szabolcs-Szatmár-Bereg county. Magyar Norbert, the press officer of the county tax and customs department of...
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The water demand of plants can be calculated
As a result of an interesting experiment in Lower Saxony, it was revealed that it is precisely possible to measure how much irrigation water is needed for a single potato...
Read moreRetail sales in China increased less than expected
In China, retail sales and industrial production grew less than expected in July, according to the statistics agency’s report. In July, retail sales grew by 8.8 percent, compared to the...
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Magosz: the low price of industrial apple puts the farmers into an undesirable position
The low prices of industrial apples are unworthy of farmers, as the cost of production a will not be reimbursed by the producers’ own costs – the Association of Hungarian...
Read moreWhere did the corn disappier?
According to the latest official forecast, the cornfield sowing area in Hungary decreased by 130 thousand hectares, compared to last autumn and spring – agrarszektor.hu wrote. The only reason for...
Read moreNagy István: the gray-cattle has a great future
The fate of the Hungarian gray cattle is a proof that in addition that it has a past and present it has a serious future as well- Nagy István, Minister...
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Tips for carefree ice creaming
There is no real summer without ice cream, and ice creams make it possible for anyone to refresh in the heat at any time. Experts tell you how to enjoy...
Read moreGKI: most of the retired people would not work
Eighty percent of Hungarian retired people would not take any additional income-generating activity at all, while 11 percent would be willing to work part-time, according to a recent survey of...
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Germany would open the EU market before Africa
The German Minister of Development proposes a special commissioner and the abolition of tariffs and quotas for African agricultural products – Világgazdaság Online wrote. The European Union should fully open...
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Ukraine has trippled its apple exports
During the 2017-2018 export period, Ukraine exported 40.9 thousand tons of apples, 3.2 times more than in the same period of last year, the latter being only 12.8 thousand tonnes...
Read moreLess grains to be harvested in the Czech Republic this year than last year
About 7.5 percent less, 6.345 million tons of grain to be harvested in the Czech Republic this year. The forecast of the Czech Statistical Office announced on Monday that the...
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The growth of the Gross Domestic Product slowed down in Europe
The performance of economic growth in the second quarter in the euro area has been slower than in the first quarter – according to Eurostat’s preliminary estimate. At Eurostat’s first...
Read moreThe growth rate of air freight and passenger traffic has declined in the first half of the year
The growth of air freight and passenger traffic has slowed in the first half of the year. In passenger kilometres the growth was 7 percent, compared to a 8.3 percent...
Read moreMKIK: improving business expectations
The business expectations of compnies improved in the first half of the year – Parragh László, Chairman of the Hungarian Chamber of Commerce and Industry (MKIK) said on Wednesday at...
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FruitVeb: it is expected that 700-750 thousand tons of apples to be grown this year
Hungarian producers expect to harvest 700-750 thousand tons of apples this year, which is 20-30 percent more than the previous year’s harvest – Domján Erika, managing director of the FruitVeb...
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AM: the support of the cattle sector remains after 2020
The Ministry of Agriculture (AM) wants to maintain production-related subsidies, market programs and national subsidies for the cattle sector after 2020 – the Deputy Minister of State of the Ministry...
Read moreA campaign was launched to prevent African swine fever
In August, official veterinarians visit small farms and provide information on disease control. The campaign serves to reduce African swine fever – Bognár Lajos, Deputy Minister of State of the...
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Myths about boxed fruit juices
In the summer heat, proper fluid supply is important; dieticians recommend. Is it true that boxed fruit juices with a longer shelf-life are at least as healthy as we do...
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Surpluses in June rose above analysts’ expectations
In June, the second-highest foreign trade surplus of all time surprised the analysts, but did not shake their conviction that import and export growth will accelerate further this year as...
Read moreDrought reduced German grain yields
The German Raiffeisen Alliance summed up the harvest results and lowered the expected yields of maize again – agrarszektor.hu wrote. Germans have not reached such bad results since 1994. This...
Read moreMinistry of Agriculture: this year 450 thousand tons of grapes is expected
This year, 450,000 tons of grapes is expected, which is similar to last year’s amount. Quality is excellent, so it can be an excellent vintage – Feldman Zsolt, Minister of...
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KSH: foreign trade surpluses in June broke a two-year record
In June, the value of exports in euros increased by 8.9 percent, while the value of imports in euro increased by 8.4 percent, compared to a year before. The foreign...
Read moreAgricultural Chamber: pear yields will be 15 percent more this year
According to the preliminary data, pear yields will be 15 percent more ie 38 thousand tonnes this year. The quality seems to be good – the National Chamber of Agriculture...
Read moreSome vegetables and fruits help to protect the skin during sunbathing
Colorful vegetables and fruits help to protect the skin from the damaging effects of sunbathing – Bálint Márta, Head of Department of Health Sciences at Semmelweis University told M1 news...
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Harvest can start very early in the Tokaj wine region
Harvesting of the traditional grape varieties in Tokaj-Hegyalja can be started much earlier than usual, – Molnár Péter, president of the Wine Council of the Tokaj Wine Region told MTI...
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